Macro Sentiment Drives SHFE Zinc Center Upward [SMM Zinc Morning Comment]
[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2604 contract opened at 24,410 yuan/mt. At the beginning of the session, zinc briefly fell to a low of 24,370 yuan/mt, then bulls increased positions, lifting the price center. Zinc fluctuated upward and touched a high of 24,540 yuan/mt by the end of the session, with the closing price at the intraday high. It finally settled at 24,540 yuan/mt, up 35 yuan/mt or 0.14%. Trading volume decreased to 17,804 lots, while open interest increased by 515 lots to 79,245 lots.